Compare Bitso vs Simex

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On this page, you can compare Bitso with Simex. Which exchange is better to use? You can compare exchange characteristics, fees, trading features, safety, and social media presence.

At the end of this page, you can see our final ratings for both exchanges.

In the table below you can see general information on both exchanges. Bitso was founded in 2014 in Mexico. Simex was founded in 2015 in USA.

When choosing an exchange for trading, you should take into account how long it has been an active market player. Older exchanges usually have a good reputation and tend to be more reliable. It may be a good decision to use the older exchange, which is Bitso. At the same time, newer projects may be more technologically advanced.

You should also pay attention to where the exchange is located. Some countries have strict financial regulations, which makes it difficult to seek court assistance when needed.

Bitso is Centralized and Simex is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.

Bitso has a mobile app available for iOS and Android. Simex doesn't have a mobile app.

Bitso has 3 languages available, including English, Portuguese and Spanish. Simex has 7 languages available, including English, Korean, Russian, Chinese, Indonesian, Malay and Hindi.

Company
User rating User rating 4.3 / 5 14 user review User rating 3.6 / 5 7 user review
Cryptogeek rating Cryptogeek rating 4 / 5 Cryptogeek rating 0 / 5
Trust Score How it works Trust Score 4.23 / 5 Trust Score 3.31 / 5

User rating

4.3 / 5 14 user review 3.6 / 5 7 user review

Cryptogeek rating

4 / 5 0 / 5

Trust Score

How it works
4.23 / 5 3.31 / 5

About

Bitso is the first exchange to enable pesos/BTC trading in Mexico. Although, BTC has a limited book and can’t buy or sell BTC directly. The exchange has a mobile app on Android and IOS , API and the cold storage. Bitso provides a great support for their traders and offers different educational materials for the new investors. But at same time platform doesn’t have the margin trade and has the variable fees from a maximum of 1% to a minimum of 0.1%. The platform has a good security. Bitso initiates the KYC involving three levels of verification, which determine the limits on a trading account. 
Simex was launched in Russia as a coin exchange in 2015. This platform has a great liquidity. The volume of the platform is more than $ 320 mln. The exchange has an interesting tool – the coin aggregator.

Founding Date

2014 2015

Country

Mexico USA

Type

Centralized Centralized

Languages

English, Portuguese, Spanish English, Korean, Russian, Chinese, Indonesian, Malay, Hindi

Mobile app

iOS, Android -

Full address

Bitso HQ Campos Eliseos 400 601B Col. Polanco Reforma México DF, México 11530 2770 S Maryland Pkw, Suite 300 Las Vegas, NV 89109

Fees

1.00% - 0.10% (BTC/MXN)
1.00% - 0.10% (ETH/MXN)
0.80% - 0.10% (XRP/BTC)
0.80% - 0.10% (XRP/MXN)
1.00% - 0.10% (ETH/BTC)
0.50% (BCH/BTC)
0.2% is the commission paid by the maker and the taker of a cryptocurrency transaction.
About
Bitso is the first exchange to enable pesos/BTC trading in Mexico. Although, BTC has a limited book and can’t buy or sell BTC directly. The exchange has a mobile app on Android and IOS , API and the cold storage. Bitso provides a great support for their traders and offers different educational materials for the new investors. But at same time platform doesn’t have the margin trade and has the variable fees from a maximum of 1% to a minimum of 0.1%. The platform has a good security. Bitso initiates the KYC involving three levels of verification, which determine the limits on a trading account. 
Simex was launched in Russia as a coin exchange in 2015. This platform has a great liquidity. The volume of the platform is more than $ 320 mln. The exchange has an interesting tool – the coin aggregator.
Founding Date Founding Date 2014 Founding Date 2015
Country Country Mexico Country USA
Type Type Centralized Type Centralized
Languages Languages English, Portuguese, Spanish Languages English, Korean, Russian, Chinese, Indonesian, Malay, Hindi
Mobile app Mobile app iOS, Android Mobile app -
Full address Full address Bitso HQ Campos Eliseos 400 601B Col. Polanco Reforma México DF, México 11530 Full address 2770 S Maryland Pkw, Suite 300 Las Vegas, NV 89109
Fees Fees 1.00% - 0.10% (BTC/MXN)
1.00% - 0.10% (ETH/MXN)
0.80% - 0.10% (XRP/BTC)
0.80% - 0.10% (XRP/MXN)
1.00% - 0.10% (ETH/BTC)
0.50% (BCH/BTC)
Fees 0.2% is the commission paid by the maker and the taker of a cryptocurrency transaction.

Trading

Bitso trading volume is 2,841,151.0. The exchange has 17 available trading pairs. Fiat trading is available on the exchange. Margin trading is not available.

Simex trading volume is 81,377,280.0. The exchange has 16 available trading pairs. Fiat trading is not available on the exchange. Margin trading is not available.

Please note: The bigger number of available trading pairs provides you with more trading opportunities, but may cause technological shortcomings at the same time.

Volume

2841151 81377280

Pairs

17 16

Coins

10 14

Fiat trading

-

Deposit

Depends on currency and volume Free

Fees

Percentage Percentage

Margin

- -
Volume Volume 2841151 Volume 81377280
Pairs Pairs 17 Pairs 16
Coins Coins 10 Coins 14
Fiat trading Fiat trading Fiat trading -
Deposit Deposit Depends on currency and volume Deposit Free
Fees Fees Percentage Fees Percentage
Margin Margin - Margin -

Safety

Two factor authentication

Verified

Unverified Unverified
Two factor authentication Two factor authentication Two factor authentication
Verified Verified Unverified Verified Unverified

Social

Website

bitso.com simex.global

Twitter

@bitso @simexinvest

Number of followers

24695 2223
Website Website bitso.com Website simex.global
Twitter Twitter @bitso Twitter @simexinvest
Number of followers Number of followers 24695 Number of followers 2223

Rating

User rating User rating 4.3 / 5 14 user review User rating 3.6 / 5 7 user review
Cryptogeek rating Cryptogeek rating 4 / 5 Cryptogeek rating 0 / 5

Cryptogeek summary

Bitso user rating is 4.3, based on 14 user reviews. Simex user rating is 3.6, based on 7 user reviews.

We also calculate the special Cryptogeek TrustScore based on the characteristics of each exchange.

We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score?
We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score?
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Trust Score: 4.23 / 5
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Trust Score: 3.31 / 5
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On this page, you can compare Bitso with Simex. Which exchange is better to use? You can compare exchange characteristics, fees, trading features, safety, and social media presence.

At the end of this page, you can see our final ratings for both exchanges.

In the table below you can see general information on both exchanges. Bitso was founded in 2014 in Mexico. Simex was founded in 2015 in USA.

When choosing an exchange for trading, you should take into account how long it has been an active market player. Older exchanges usually have a good reputation and tend to be more reliable. It may be a good decision to use the older exchange, which is Bitso. At the same time, newer projects may be more technologically advanced.

You should also pay attention to where the exchange is located. Some countries have strict financial regulations, which makes it difficult to seek court assistance when needed.

Bitso is Centralized and Simex is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.

Bitso has a mobile app available for iOS and Android. Simex doesn't have a mobile app.

Bitso has 3 languages available, including English, Portuguese and Spanish. Simex has 7 languages available, including English, Korean, Russian, Chinese, Indonesian, Malay and Hindi.